Case number: 5:26-bk-50369 - 40th Street Development, LLC - California Northern Bankruptcy Court

Case Information
  • Case title

    40th Street Development, LLC

  • Court

    California Northern (canbke)

  • Chapter

    11

  • Judge

    Hannah L. Blumenstiel

  • Filed

    03/10/2026

  • Last Filing

    09/28/2026

  • Asset

    Yes

  • Vol

    v

Docket Header
DebtEd



U.S. Bankruptcy Court
California Northern Bankruptcy Court (San Jose)
Bankruptcy Petition #: 26-50369

Assigned to: Judge Hannah L. Blumenstiel
Chapter 11
Voluntary
Asset


Date filed:  03/10/2026
341 meeting:  04/14/2026
Deadline for filing claims:  07/06/2026
Deadline for objecting to discharge:  06/08/2026

Debtor

40th Street Development, LLC

387-391 40th Street
Oakland, CA 94609
SANTA CLARA-CA
Tax ID / EIN: 83-0833102

represented by
Arasto Farsad

Farsad Law Office, P.C.
1625 The Alameda, Suite 525
San Jose, CA 95126
408-641-9966
Email: farsadecf@gmail.com

Karen Lynch

Kraeber Law Office
9040 Brentwood Blvd.
Ste B
Brentwood, CA 94513
925-420-0333
Email: karen@kraeberlaw.com
TERMINATED: 06/08/2026

Nancy Weng

Farsad Law Office, P.C.
1625 The Alameda, Suite 525
San Jose, CA 95126
408-641-9966
Fax : (415) 777-2298
Email: nancy@farsadlaw.com

Responsible Ind

Steven Trinh

52599 McLaughlin Avenue
San Jose, Ca 95121

 
 
Trustee

Not Assigned - SJ


 
 
U.S. Trustee

Office of the U.S. Trustee / SJ

U.S. Federal Bldg.
280 S 1st St. #268
San Jose, CA 95113-3004
( )
represented by
Michael J. Fletcher

DOJ-Ust
2500 Tulare Street
Suite 1401
Fresno, CA 93721
559-487-5002
Email: michael.fletcher@usdoj.gov

Latest Dockets

Date Filed#Docket Text
09/28/202683Order Approving First Interim Application For Compensation And Reimbursement OfExpenses (Related Doc # [79]). fees awarded: $55400.00, expenses awarded: $165.00 for Arasto Farsad (euo)
09/25/2026Hearing vacated per the 9/25/2026 docket text order. (RE: related document(s) 79 Interim Application for Compensation (First Interim) for Arasto Farsad, Debtor's Attorney, Fee: $54400, Expenses: $165.). (euo) (Entered: 09/25/2026)
09/25/2026
DOCKET TEXT ORDER
(no separate order issued:) This case is scheduled to come before the court on October 8, 2026 for a hearing on a First Interim Application for Compensation and Reimbursement of Expenses filed by Farsad Law Office P.C., general bankruptcy counsel to 40th Street Development LLC (Dkt. 79; the "Application"). The court has carefully reviewed the Application, supporting pleadings and exhibits, Notice of Hearing (Dkt. 80; the "NOH"), and Certificate of Service (Dkt. 80). Based on that analysis, the court finds and concludes that the Application and NOH were properly served and that all necessary parties have received adequate notice of their opportunity to objection to the fees and expenses requested in the Application. Pursuant to B.L.R. 9014-1(c)(1), objections to the Application were due no later than September 24, 2026; none have been filed. The court further finds and concludes that the fees and expenses requested in the Application are reasonable, and that the services rendered by the Applicant were necessary to the efficient administration of this case. Accordingly, the court orders as follows: (1) The Application will be approved as to fees totaling $55,400.00 and as to expenses totaling $165.00. (2) The Applicant shall promptly upload an order consistent with the Application. (3) The October 8 hearing is hereby vacated. (RE: related document(s)79 Application for Compensation filed by Debtor 40th Street Development, LLC). (abt) (Entered: 09/25/2026)
09/11/2026Hearing vacated per Dkt. 82 Withdrawal of Dkt. 36. (RE: related document(s) 36 Motion for Relief from Stay Fee Amount $199,). (euo) (Entered: 09/11/2026)
09/11/2026Hearing vacated per Dkt. 82 Withdrawal of Dkt. 43. (RE: related document(s) 43 Motion to Convert Case to Chapter 7 Richard A. Marshack, Chapter 7 Trustee for the Bankruptcy Estate of AB Capital, LLC's Motion to Convert Chapter 11 Case to Chapter 7 Pursuant to 11 U.S.C. § 1112(b), or, in the Alternative, to Appoint T). (euo) (Entered: 09/11/2026)
09/11/202682Withdrawal of Documents (1) Richard A. Marshack, Chapter 7 Trustee for the Bankruptcy Estate of AB Capital, LLCs Motion for Relief from the Automatic Stay Pursuant to 11 U.S.C. § 362 and (2) Richard A. Marshack, Chapter 7 Trustee for the Bankruptcy Estate of AB Capital, LLCs Motion to Convert Chapter 11 Case to Chapter 7 Pursuant to 11 U.S.C. § 1112(B), Or, in the Alternative, to Appoint Trustee Pursuant to 11 U.S.C. § 1104 (RE: related document(s)36 Motion for Relief From Stay, 43 Motion to Convert Case to Chapter 7). Filed by Interested Party Richard A. Marshack (Kido, Rika) (Entered: 09/11/2026)
09/11/202681Withdrawal of Claim: 5 Filed by Interested Party Richard A. Marshack. (Kido, Rika) (Entered: 09/11/2026)
09/10/202680Notice of Hearing (RE: related document(s)79 Interim Application for Compensation (First Interim) for Arasto Farsad, Debtor's Attorney, Fee: $54400, Expenses: $165. Filed by Attorney Arasto Farsad (Attachments: # 1 Declaration of Arasto Farsad in Support # 2 Exhibit A_Detailed Billing Records and Expense Summary)).
Hearing scheduled for 10/8/2026 at 10:00 AM in/via San Francisco Courtroom 19 or via Zoom - Blumenstiel.
Filed by Debtor 40th Street Development, LLC (Farsad, Arasto) (Entered: 09/10/2026)
09/10/202679Interim Application for Compensation (First Interim) for Arasto Farsad, Debtor's Attorney, Fee: $54400, Expenses: $165. Filed by Attorney Arasto Farsad (Attachments: # 1 Declaration of Arasto Farsad in Support # 2 Exhibit A_Detailed Billing Records and Expense Summary) (Farsad, Arasto) (Entered: 09/10/2026)
08/28/202678Order Granting Debtors Motion To Approve Settlement With Richard A. Marshack,Chapter 7 Trustee For AB Capital, LLC, And Related Relief [Dkt. No. 64] (Related Doc # 64) (euo) (Entered: 08/28/2026)